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A decentralised application (DApp, [1] dApp, [2] Dapp, or dapp) is an application that can operate autonomously, typically through the use of smart contracts, that run on a decentralized computing, blockchain or other distributed ledger system. [3] Like traditional applications, DApps provide some function or utility to its users.
A type of crypto exchange that operates without a central authority. Decentralized finance (DeFi) DeFi — short for decentralized finance — is a financial system based on peer-to-peer payments ...
Decentralized finance (often stylized as DeFi) provides financial instruments and services through smart contracts on a programmable, permissionless blockchain.This approach reduces the need for intermediaries such as brokerages, exchanges, or banks. [1]
Depending on their purpose, DePINs can be divided into two types: [13] Physical Resource Networks (PRNs), which involve the management of physical resources like IoT devices and goods, and Digital Resource Networks (DRNs), which are used to exchange data among digital resources without the need to be in the same place.
A smart contract is a computer program or a transaction protocol that is intended to automatically execute, control or document events and actions according to the terms of a contract or an agreement.
Along with blockchain and initial coin offering.
Ethereum is a decentralized blockchain with smart contract functionality. Ether (abbreviation: ETH [a]) is the native cryptocurrency of the platform. Among cryptocurrencies, ether is second only to bitcoin in market capitalization.
Uniswap is a decentralized cryptocurrency exchange that uses a set of smart contracts to create liquidity pools for the execution of trades. It is an open source project and falls into the category of a DeFi product (Decentralized finance) because it uses smart contracts to facilitate trades instead of a centralized exchange.